Egypt’s Petroleum Minister inspects Methanol plant
The Minister of Petroleum and Mineral Resources, Tarek El-Molla, emphasised the need to expedite the construction…
Browsing Tag
Egyptian Arab Land Bank
NBE leads major loan to build campuses for European universities in Egypt
The National Bank of Egypt (NBE), the country’s largest public lender, has led a 962 million Egyptian pound ($61.2…
EALB posts personal loans of EGP720mln in 2019
State-run Egyptian Arab Land Bank (EALB) announced that its personal loans portfolio has increased to 720 million…
Egyptian Arab Land Bank to up funding into nonbanking financial firms
The state-owned Egyptian Arab Land Bank (EALB) intends to increase its finances to nonbanking financial firms to…
Egyptian Arab Land Bank secures EGP13.2bn loans by Sep-end
The state-owned Egyptian Arab Land Bank (EALB)'s loans portfolio has increased to 13.2 billion Egyptian pounds by…
Egypt Arab Land Bank targets bigger mortgage finances this year
State-run Egyptian Arab Land Bank (EALB) seeks to increase its mortgage finance portfolio to 1.5 billion Egyptian…
Egyptian Arab Land Bank secures $89.1bn for schools, hospitals projects
State-run Egyptian Arab Land Bank (EALB) said on Wednesday it has pumped around 1.5 billion Egyptian pounds ($89.1…
EALB plans to pump EGP700mln Joint financing in two companies
State-run Egyptian Arab Land Bank (EALB) is planning to pump 700 million Egyptian pounds into joint funding being…
EALB secures EGP300mln funds for Almostakbal City developers
The state-owned Egyptian Arab Land Bank (EALB) has secured an amount of 300 million Egyptian pounds ($17.4 million)…
Egyptian Arab Land Bank secures $116.4 mln for 15 leasing companies
State-run Egyptian Arab Land Bank (EALB) pumped 2 billion Egyptian pounds ($116.4 million) in finances for around…
State land bank to set up new HQ in Egypt’s new capital
The state-owned Egyptian Arab Land Bank (EALB) has signed an agreement on Tuesday to set up a new headquarters in…
Egypt’s central bank exempts EALB bank from 14% required reserve ratio
Egypt’s central bank has exempted the state-owned Egyptian Arab Land Bank (EALB) from a 14 percent required reserve…
Saudi Arabia’s Alhokair fully pays off Egypt mall loan
Marakez, a subsidiary of Saudi mall developer Fawaz Alhokair, has fully paid off a 2 billion Egyptian pound ($111.7…
Saudi Arabia’s Alhokair seeks early repayment for Egypt mall loan
Marakez, a subsidiary of Saudi Fawaz Alhokair Group, is in talks with seven banks on paying off around 1.6 billion…
Egypt’s EALB approves new loans for fertilisers, automotive, food firms
State-owned Egyptian Arab Land Bank (EALB) approved on Thursday 600 million Egyptian pounds ($33.6 million) in new…
Egyptian Arab Land Bank secures 200 mln pounds to Al Morshedy’s Project
State-owned Egyptian Arab Land Bank (EALB) has signed a 200 million Egyptian pounds loan in favour of Memaar…
Egyptian Arab Land Bank’s new board convenes
State-owned Egyptian Arab Land Bank’s (EALB) new board of directors has started to develop the bank's strategy for…
Egyptian Arab Land Bank seeks higher deposits this year
State-owned Egyptian Arab Land Bank (EALB) is seeking higher deposits by 10 percent for the current financial year,…
EALB bank, EFG Hermes Leasing ink JV deal to finance small businesses in Egypt
Egyptian Arab Land Bank (EALB) and EFG Hermes Leasing have concluded an agreement to jointly offer leasing…
EFG Hermes unit, EALB bank join forces to support Egypt small businesses
EFG Hermes Leasing, a wholly-owned subsidiary of investment bank EFG Hermes, signed Wednesday a cooperation…
EALB bank eyes debt settlement deals of 750mn Egyptian pounds this year
The state-run Egyptian Arab Land Bank (EALB) plans to reach settlement deals with troubled clients for debts worth…
Egyptian Arab Land Bank total assets rise to 3.6 billion pounds
Egyptian Arab Land Bank (EALB) recorded total assets of about 3.6 billion Egyptian pounds at the end of April 2017…
Egypt’s state land bank says to launch the country’s 1st property fund in Q1
The state-run Egyptian Arab Land Bank (EALB) is planning to launch the first property fund in the country within…
Three investment banks vying to run launch of Egypt 1st property fund
Three investment banks are competing to run the launch of Egypt’s first property fund in Egypt, said chairman of…
Egyptian Arab Land Bank participates in $521mn-loan for Egypt Electricity
Egyptian Arab Land Bank has approved participating with US$20 million in a US$521 million-loan for the Egyptian…
Egyptian Arab Land Bank sees $102mn Settlements with Bankrupts
The Egyptian Arab Land Bank (EALB) eyes reaching settlements with insolvent clients worth EGP800 million (US$102.2…
EALB, HDB, Coldwell Banker targets Launch of Real Estate Funds in Egypt
The Egyptian Arab Land Bank, Housing & Development Bank, and Coldwell Banker are seeking to launch real estate…
Banque Misr orchestrates New Banking Alliance for Egypt Electricity Sector
Banque Misr, Egypt’s second largest public sector bank, is leading a banking consortium to secure a US$500 million…
SFD plans first Cooperation with ADIB to support SMEs in Egypt
Egypt’s Social Fund for Development (SFD) plans to sign its first agreement with Abu Dhabi Islamic Bank (ADIB) to…
Egyptian Arab Land Bank pumps EGP100 million in Ezz Steel Loan
Egyptian Arab Land Bank (EALB) will contribute 100 million Egyptian pounds (US$13.1 million) to Ezz Steel Company’s…
Wage Cap Applied to 8 Bankers at Egyptian Arab Land Bank
Only eight senior bankers at the Egyptian Arab Land Bank were affected by a cap on public sector pay, chairman…
Egyptian Arab Land Bank Sees Highest Debt Settlement Rate by June-end
The Egyptian Arab Land Bank is expected to set a record by end of the current fiscal year on the rate of debt…
EALB-Egypt Eyes EGP1.250bn Deposits, EGP2bn New Loans
Egyptian Arab Land Bank (EALB) is aiming to increase its deposits' volume to EGP16 billion, with nearly EGP1.250…
Egypt’s EALB in Talks with 5 Gulf Firms to Market its Property Assets
Egyptian Arab Land Bank (EALB) is currently negotiating with the major 5 UAE and Saudi Arabia firms in order to…
Central Bank of Egypt Has Granted EALB EGP7bn Loans in Last Years
Egyptian Arab Land Bank (EALB) Chairman Abdel Meguid Mohy El-Din said his bank obtained support loans worth EGP7…
EALB Contributes EGP200mn to the Biggest Loan in Egypt’s Banking Sector
The Egyptian Arab Land Bank will pump EGP 200 million (around US$28 million) in one of the biggest loans in the…
Egyptian Arab Land Bank Settles Debts worth EGP400mn in Q1
Chairman of Egyptian Arab Land Bank (EALB) Chairman Abdel Meguid Mohy El-Din said his bank succeeded to…
Misr Iran Bank’s Investments in T-Bills Fell to EGP1.4bn in September
Misr Iran Development Bank's investments fell to EGP200 million to register EGP1.4 billion in September in compared…
Egyptian Arab Land Bank: Al Masry Fund Records EGP77mn Net Profits
The Egyptian Arab Land Bank announced Thursday its mutual fund ‘Al Masry’ recorded a net profit of EGP 77 million…
EALB in Talks with Defaulter Clients to Settle EGP500 million Debts
Egyptian Arab Land Bank (EALB) is currently in talks with defaulter clients in order to settle EGP500 million…